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Farming & Rural Business Community articles

The latest articles for Farming & Rural Business Community members.

Tax Administration and Maintenance Day - No news is probably good news (at least for the time being)

Historically, the government’s annual tax and spending plans were announced in a spring budget, with any of the changes taking almost immediate effect. More recently, the position has become rather more protracted, with spring announcements which may take effect years into the future and a further mini budget in the autumn. In 2021, the position was made even less transparent with a ‘Tax Day’ shortly after the budget to announce various plans and consultations, then on 3 November a further ‘Tax Administration and Maintenance (TAM) Day’ to report back on those consultations.

Book review 'Farming Hinton Ampner – the Brexit/Virus Year'

David Missen reviews Charlie Flindt's latest book.

Babylon Farms

A recent case has highlighted the need for VAT registered businesses to be operating on sound and commercial terms for input VAT to be reclaimable. In particular this case focused on an agricultural activity which was being operated through a company, separately to the owners’ other activities.

Practical points on Capital Allowances

Discusses a few points around planning for capital allowance when working in practice

Recent tax cases – what is tax-allowable?

Two recent tax cases have tested the question of allowability of the tax relief attributable to building costs.

Trust House Conundrum

Tax planning for farming families.

Farm succession planning

It is impossible to open a farming publication without finding reference to succession planning and the need to embrace now. Following on from David’s excellent article in the spring newsletter, I now look at the tax.

Annual Tax on Enveloped Dwellings (ATED)

What you need to know before the coming revaluation.

The view from the Chair

The new Chair writes his first review.

Farm tax 2023/24 – A window of opportunity?

Detailing the changes to MTD and how they will affect the farming industry.

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